The Department of Finance (DOF) said that careful balance between the need of economic concerns and the health requirements of COVID-19 will drive the Philippines back to its pre-pandemic path of rapid economic growth. Finance Sec. Carlos Dominguez III During the virtual Philippine economic...
As new coronavirus variants continue to emerge, President Duterte’s economic team believes that the COVID-19 illness may become a persistent infection that Filipinos should learn how to live with. Finance Secretary Carlos G. Dominguez The economic managers, composed of heads of the Department of...
The Japan Credit Rating Agency Ltd. (JCR) affirmed the Philippines’ credit rating, but it expects a slow pace economic recovery this year due to the rapidly spreading Delta variant. Japan Credit Rating In a statement, JCR said Monday, Sept. 6, that it maintained the credit rating for the...
President Duterte’s chief economic manager bucked the legislative proposals seeking to set a statutory debt limit and create the government’s committee in charge of fiscal discipline. Finance Secretary Carlos G. Dominguez During the House ways and means committee hearing on Monday, Sept.6,...
Counterfeit goods topped the list of smuggled products in the country in terms of value, the Bureau of Customs reported to the Department of Finance (DOF). MANILA BULLETIN FILE According to the customs bureau, the agency’s 615 operations this year have yielded mostly illegal shipments of...
Senator Ronald "Bato" dela Rosa was designated as one of the vice chairpersons of the Senate Committee on Finance on Tuesday, August 31. Senator Ronald “Bato” dela Rosa, chairman of the Committee on Public Order and Dangerous Drugs, presides on February 12, 2020, a hearing on the proposal to...
The Department of Finance (DOF) is set to launch an online tool that aims to streamline the reporting of data pertaining to the debts and other liabilities of government-owned and -controlled corporations (GOCCs). In a report to Finance Secretary Carlos Dominguez III, Joan Castillo, DOF’s...
Deposit accounts opened through the Overseas Filipino Bank's (OFBank) digital onboarding system more than doubled in the first semester of the year, the Department of Finance (DOF) said. OFBank In a statement released by the DOF on Monday, Aug.30, the department reported that total deposit accounts...
As the government looks for money to run a nation grappling with the impacts of the prolonged pandemic, President Duterte’s chief economic manager revealed that selling state-assets is no longer the best option. Finance Secretary Carlos Dominguez III “We don't have any more crown jewels,”...
Albay Rep. Edcel Lagman on Friday, Aug. 27, suggested the audit of the government’s billions of pesos expenditure for the 2019 coronavirus disease (COVID-19) vaccination program. CDA3E812-89E8-4023-B6CF-1B66F6F5ECD3 The veteran independent lawmaker made the call as government continued to reject...
The bill seeking to amend provisions in the Philippine Deposit Insurance Corporation’s (PDIC) Charter is now up for Senate plenary discussions. Senator Sonny Angara, who chairs the Senate Finance Committee, on Wednesday night (Aug. 25), has sponsored Committee Report No. 287 on Senate Bill No....
President Duterte’s economic mangers said the economy will return to pre-pandemic levels within the next two-years, reassuring Congress that the country has the capacity for a rapid expansion pace. (JANSEN ROMERO : MANILA BULLETIN) During the House Committee on Appropriations’ deliberations on...
